SEC warns public against investing in Paya cryptocurrency

CEBU CITY, Philippines-The Securities and Exchange Commission (SEC) has cautioned the public against investing or promoting Paya, a cryptocurrency offered by Payasian Pte. Ltd. Corp. In an emailed press release, SEC bared that it has issued a cease and desist order against Payasian, directing it to stop enticing the public to invest in the so-called Paya cryptocurrency because it did not have the necessary license.